Disclosure Of Y2K Vulnerabilities Is Subject Of New Book From CCH

(RIVERWOODS, ILL., December 3, 1998) -- The securities industry is totally dependent on computers to transact its daily business, so it’s not surprising that the Securities and Exchange Commission (SEC) has been paying special attention to the Year 2000 problem, according to CCH INCORPORATED (CCH), a leading provider of securities, tax and business law information. As a result, the SEC has laid out the responsibilities of all publicly traded companies to disclose their Y2K vulnerabilities. Now, CCH is providing an overview of reporting, disclosure and other SEC initiatives to deal with the millennium bug in Year 2000: SEC Disclosure (125-pages, softcover).

CCH author James Hamilton, JD, LLM, carefully assesses how companies should evaluate their disclosure responsibilities in light of SEC directives and general securities law. The two-part SEC test for disclosure is examined in detail, followed by discussion of the material matters to be disclosed, such as state of readiness, costs, risks and contingency plans.

However, Hamilton notes that a company might have an obligation to provide disclosure in a "virile unlimited number of circumstances." The responsibilities of municipal issuers, broker-dealers, auditors, investment companies and investment advisors also are examined.

In addition, Year 2000: SEC Disclosure includes an appendix with the full text of the SEC interpretive release on "Disclosure of Year 2000 Issues and Consequences," the SEC releases on required reports by investment advisors, broker-dealers and transfer agents and the agency’s second report on the readiness of the industry to meet the challenges of the year 2000.

Availability and Pricing

For more information or to order a copy of Year 2000: SEC Disclosure, call CCH’s toll-free number, 800-248-3248. Single copies are $49.95 plus applicable shipping, handling and tax. Quantity discounts and school adoption prices are available.


CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the securities tax, legal, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer U.S.

EDITORS NOTE: A photo illustration of Year 2000: SEC Disclosure and editorial review copies of this book are available by contacting Leslie Bonacum at 847-267-7153 or bonacuml@cch.com.

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